SP CONSTRUCTIONS: what changed
What changed
SP CONSTRUCTIONS
NACE 43.331, Floor and wall tiling
filed annual accounts (NBB)
Net result for the year
€33,414
2024 · €36,780-€3,366
Equity
€219,804
2024 · €186,390+€33,414
Cash
€11,432
2024 · €19,359-€7,927
Balance sheet total
€888,395
2024 · €879,084+€9,311
Largest movements
Assets
- Receivables within one year +€85,132
up €85,132 (+56.1%), from €151,849 to €236,982
of which Trade receivables: +€91,175
- Tangible fixed assets -€49,928
down €49,928 (-7.5%), from €669,261 to €619,333
- Stocks and contracts -€9,205
down €9,205 (-47.2%), from €19,485 to €10,280
Equity and liabilities
- Debts after one year -€61,518
down €61,518 (-13.5%), from €455,741 to €394,223
- Profit (loss) carried forward +€33,414
up €33,414 (+48.5%), from €68,830 to €102,244
- Short-term financial debts +€31,804
up €31,804 (+6,657%), from €478 to €32,282
- Trade debts -€14,953
down €14,953 (-13.3%), from €112,414 to €97,461
- Other debts +€13,521
up €13,521 (+50.2%), from €26,957 to €40,478
Income statement
- Turnover -€154,720
down €154,720 (-14.9%), from €1.0m to €884,298
- Purchases and services -€133,945
down €133,945 (-16.6%), from €805,656 to €671,711
- Gross operating margin -€20,775
down €20,775 (-8.9%), from €233,362 to €212,587
- Depreciation +€12,059
up €12,059 (+30.1%), from €40,077 to €52,135
- Financial income +€11,388
up €11,388 (+5,518%), from €206 to €11,595
of which Non-recurring financial income: +€11,246
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€36,780
Gross operating margin
-€20,775
Staff costs
+€8,171
Depreciation
-€12,059
Write-downs
-€2,179
Other operating charges
+€1,054
Other operating items
+€3,000
Financial income
+€11,388
Financial charges
+€1,811
Taxes
+€6,223
Result 2025
€33,414
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€34,371
Investment
-€2,207
Financing
-€40,090
Cash 2024
€19,359
From operations (derived)
+€34,371
Net result for the year
+€33,414
Depreciation
+€52,135
Stocks and contracts
+€9,205
Receivables within one year
-€85,132
Deferred charges and accrued income
+€8,762
Trade debts
-€14,953
Tax, wage and social debts
+€12,778
Advances received
+€5,586
Other debts
+€13,521
Accrued charges and deferred income
-€945
Investment (derived)
-€2,207
Investment in fixed assets (net)
-€2,207
Financing
-€40,090
Debts after one year
-€61,518
Current portion of long-term debt
-€10,376
Short-term financial debts
+€31,804
Cash 2025
€11,432
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €879,084 | €888,395 | +€9,311 | +1.1% |
| Fixed assets | 21/28 | €673,511 | €623,583 | -€49,928 | -7.4% |
| Tangible fixed assets | 22/27 | €669,261 | €619,333 | -€49,928 | -7.5% |
| Land and buildings | 22 | €505,279 | €485,137 | -€20,142 | -4.0% |
| Plant, machinery and equipment | 23 | €14,358 | €12,251 | -€2,107 | -14.7% |
| Furniture and vehicles | 24 | €33,983 | €26,194 | -€7,788 | -22.9% |
| Leasing and similar rights | 25 | €115,641 | €95,750 | -€19,891 | -17.2% |
| Financial fixed assets | 28 | €4,250 | €4,250 | = | 0.0% |
| Current assets | 29/58 | €205,574 | €264,813 | +€59,239 | +28.8% |
| Stocks and contracts in progress | 3 | €19,485 | €10,280 | -€9,205 | -47.2% |
| Stocks | 30/36 | €19,485 | €10,280 | -€9,205 | -47.2% |
| Amounts receivable within one year | 40/41 | €151,849 | €236,982 | +€85,132 | +56.1% |
| Trade receivables | 40 | €139,124 | €230,298 | +€91,175 | +65.5% |
| Other amounts receivable | 41 | €12,726 | €6,683 | -€6,042 | -47.5% |
| Cash at bank and in hand | 54/58 | €19,359 | €11,432 | -€7,927 | -40.9% |
| Deferred charges and accrued income | 490/1 | €14,881 | €6,119 | -€8,762 | -58.9% |
| Total equity and liabilities | 10/49 | €879,084 | €888,395 | +€9,311 | +1.1% |
| Equity | 10/15 | €186,390 | €219,804 | +€33,414 | +17.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €111,360 | €111,360 | = | 0.0% |
| Distributable reserves | 133 | €111,360 | €111,360 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,830 | €102,244 | +€33,414 | +48.5% |
| Amounts payable | 17/49 | €692,695 | €668,591 | -€24,103 | -3.5% |
| Amounts payable after more than one year | 17 | €455,741 | €394,223 | -€61,518 | -13.5% |
| Financial debts | 170/4 | €455,741 | €394,223 | -€61,518 | -13.5% |
| Amounts payable within one year | 42/48 | €223,834 | €262,194 | +€38,359 | +17.1% |
| Current portion of amounts payable after more than one year | 42 | €68,813 | €58,437 | -€10,376 | -15.1% |
| Financial debts | 43 | €478 | €32,282 | +€31,804 | +6,657% |
| Credit institutions | 430/8 | €478 | €32,282 | +€31,804 | +6,657% |
| Trade debts | 44 | €112,414 | €97,461 | -€14,953 | -13.3% |
| Suppliers | 440/4 | €112,414 | €97,461 | -€14,953 | -13.3% |
| Advances received on contracts in progress | 46 | - | €5,586 | +€5,586 | |
| Taxes, remuneration and social security | 45 | €15,172 | €27,950 | +€12,778 | +84.2% |
| Taxes | 450/3 | €8,006 | €15,036 | +€7,031 | +87.8% |
| Remuneration and social security | 454/9 | €7,167 | €12,914 | +€5,747 | +80.2% |
| Other amounts payable | 47/48 | €26,957 | €40,478 | +€13,521 | +50.2% |
| Accrued charges and deferred income | 492/3 | €13,119 | €12,175 | -€945 | -7.2% |
| Turnover | 70 | €1,039,018 | €884,298 | -€154,720 | -14.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €805,656 | €671,711 | -€133,945 | -16.6% |
| Remuneration, social security and pensions | 62 | €101,566 | €93,395 | -€8,171 | -8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,077 | €52,135 | +€12,059 | +30.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €9,507 | €11,687 | +€2,179 | +22.9% |
| Other operating charges | 640/8 | €3,988 | €2,934 | -€1,054 | -26.4% |
| Non-recurring operating charges | 66A | €3,000 | - | -€3,000 | |
| Gross operating margin | 9900 | €233,362 | €212,587 | -€20,775 | -8.9% |
| Operating profit (loss) | 9901 | €75,224 | €52,436 | -€22,788 | -30.3% |
| Financial income | 75/76B | €206 | €11,595 | +€11,388 | +5,518% |
| Recurring financial income | 75 | €206 | €348 | +€142 | +68.7% |
| Non-recurring financial income | 76B | - | €11,246 | +€11,246 | |
| Financial charges | 65/66B | €23,810 | €21,999 | -€1,811 | -7.6% |
| Recurring financial charges | 65 | €23,810 | €21,999 | -€1,811 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €51,620 | €42,031 | -€9,589 | -18.6% |
| Income taxes | 67/77 | €14,840 | €8,617 | -€6,223 | -41.9% |
| Profit (loss) for the period | 9904 | €36,780 | €33,414 | -€3,366 | -9.2% |
| Profit (loss) for the period to be appropriated | 9905 | €36,780 | €33,414 | -€3,366 | -9.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.